Brokerages Set Herbalife Ltd (NYSE:HLF) PT at $11.50

Herbalife Ltd (NYSE:HLF) has been assigned a consensus recommendation of “Moderate Buy” from the four brokerages that are presently covering the stock, MarketBeat Ratings reports. Two investment analysts have rated the stock with a hold recommendation and two have issued a buy recommendation on the company. The average 12 month price target among brokers that have covered the stock in the last year is $11.3333.

A number of brokerages have issued reports on HLF. Wall Street Zen lowered shares of Herbalife from a “strong-buy” rating to a “buy” rating in a research report on Sunday, September 28th. Mizuho increased their price target on Herbalife from $8.00 to $9.00 and gave the stock a “neutral” rating in a research report on Monday, July 28th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Herbalife in a research note on Wednesday, October 8th.

Hedge Funds Weigh In On Herbalife

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. raised its holdings in Herbalife by 10.9% in the 1st quarter. Vanguard Group Inc. now owns 12,495,374 shares of the company’s stock valued at $107,835,000 after acquiring an additional 1,223,957 shares in the last quarter. Long Focus Capital Management LLC raised its holdings in Herbalife by 3.9% in the 1st quarter. Long Focus Capital Management LLC now owns 4,943,000 shares of the company’s stock valued at $42,658,000 after acquiring an additional 184,873 shares in the last quarter. Charles Schwab Investment Management Inc. raised its holdings in Herbalife by 13.4% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 3,057,219 shares of the company’s stock valued at $26,384,000 after acquiring an additional 360,659 shares in the last quarter. Geode Capital Management LLC raised its holdings in Herbalife by 1.1% in the 2nd quarter. Geode Capital Management LLC now owns 2,810,794 shares of the company’s stock valued at $24,231,000 after acquiring an additional 31,077 shares in the last quarter. Finally, Iridian Asset Management LLC CT lifted its stake in Herbalife by 10.7% during the first quarter. Iridian Asset Management LLC CT now owns 2,775,430 shares of the company’s stock worth $23,952,000 after purchasing an additional 267,690 shares during the last quarter.

Herbalife Price Performance

Shares of NYSE HLF opened at $8.00 on Tuesday. The firm has a market cap of $824.33 million, a price-to-earnings ratio of 2.52, a P/E/G ratio of 0.24 and a beta of 0.87. The stock’s fifty day moving average price is $8.98 and its two-hundred day moving average price is $8.52. Herbalife has a one year low of $5.04 and a one year high of $10.83.

Herbalife (NYSE:HLF) last announced its earnings results on Wednesday, August 6th. The company reported $0.59 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.53 by $0.06. Herbalife had a net margin of 6.59% and a negative return on equity of 27.36%. The company had revenue of $1.26 billion during the quarter, compared to analysts’ expectations of $1.27 billion. During the same quarter in the previous year, the business posted $0.54 earnings per share. Herbalife’s quarterly revenue was down 1.7% on a year-over-year basis. On average, equities analysts anticipate that Herbalife will post 1.57 earnings per share for the current fiscal year.

About Herbalife

Herbalife Ltd. provides health and wellness products in North America, Mexico, South and Central America, Europe, the Middle East, Africa, China, and the Asia Pacific. It offers products in the areas of weight management; targeted nutrition; energy, sports, and fitness; outer nutrition; and literature and promotional items.